HIP IMPLANTS MARKET ANALYSIS
Global Hip Implant Market - Regional Insights
On the basis of region, the global hip implant market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the dominant position in the global hip implant market owing to launch and approvals of new hip replacement implants. For instance, in March 2018, the United Orthopedic Corporation, a designer, manufacturer and distributor of orthopedic implants and instruments, announced the launch of UTS (United Tri-tapered Short Stem) hip stem at the American Academy of Orthopedic Surgeons Annual Meeting in New Orleans, U.S. The UTS hip stem is designed for easier insertion through small incisions and it facilitates less invasive surgeries.
Europe is also expected to witness significant growth in the hip implants market due to high prevalence of hip fractures. For instance, according to the National Hip Fracture Database Annual Report 2018, nearly 76,000 cases of hip fractures are reported each year in the U.K.
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